Apowest: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Apowest
Largest movements
- Receivables within one year -€22,424
down €22,424 (-38.2%), from €58,723 to €36,300
of which Other amounts receivable: -€28,947
- Other debts -€34,518
down €34,518 (-4.3%), from €808,215 to €773,696
- Reserves +€12,791
up €12,791 (+5.2%), from €244,694 to €257,485
of which Distributable reserves: +€12,791
- Financial charges -€9,307
down €9,307 (-24.9%), from €37,378 to €28,071
- Financial income -€8,922
down €8,922 (-85.4%), from €10,449 to €1,527
- Taxes -€1,032
down €1,032 (-19.5%), from €5,296 to €4,264
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,099,459 | €1,076,958 | -€22,501 | -2.0% |
| Fixed assets | 21/28 | €1,040,124 | €1,040,124 | = | 0.0% |
| Financial fixed assets | 28 | €1,040,124 | €1,040,124 | = | 0.0% |
| Current assets | 29/58 | €59,335 | €36,834 | -€22,501 | -37.9% |
| Amounts receivable within one year | 40/41 | €58,723 | €36,300 | -€22,424 | -38.2% |
| Trade receivables | 40 | €29,040 | €35,564 | +€6,524 | +22.5% |
| Other amounts receivable | 41 | €29,683 | €736 | -€28,947 | -97.5% |
| Cash at bank and in hand | 54/58 | €612 | €534 | -€77 | -12.6% |
| Total equity and liabilities | 10/49 | €1,099,459 | €1,076,958 | -€22,501 | -2.0% |
| Equity | 10/15 | €284,694 | €297,485 | +€12,791 | +4.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €244,694 | €257,485 | +€12,791 | +5.2% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €240,694 | €253,485 | +€12,791 | +5.3% |
| Amounts payable | 17/49 | €814,765 | €779,473 | -€35,292 | -4.3% |
| Amounts payable within one year | 42/48 | €814,765 | €779,473 | -€35,292 | -4.3% |
| Current portion of amounts payable after more than one year | 42 | €4,183 | €4,179 | -€4 | -0.1% |
| Trade debts | 44 | €126 | €291 | +€165 | +131.2% |
| Suppliers | 440/4 | €126 | €291 | +€165 | +131.2% |
| Taxes, remuneration and social security | 45 | €2,242 | €1,307 | -€935 | -41.7% |
| Taxes | 450/3 | €2,242 | €1,307 | -€935 | -41.7% |
| Other amounts payable | 47/48 | €808,215 | €773,696 | -€34,518 | -4.3% |
| Other operating charges | 640/8 | €1,169 | €1,201 | +€33 | +2.8% |
| Gross operating margin | 9900 | €44,742 | €44,800 | +€58 | +0.1% |
| Operating profit (loss) | 9901 | €43,574 | €43,599 | +€25 | +0.1% |
| Financial income | 75/76B | €10,449 | €1,527 | -€8,922 | -85.4% |
| Recurring financial income | 75 | €10,449 | €1,527 | -€8,922 | -85.4% |
| Financial charges | 65/66B | €37,378 | €28,071 | -€9,307 | -24.9% |
| Recurring financial charges | 65 | €37,378 | €28,071 | -€9,307 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €16,645 | €17,055 | +€410 | +2.5% |
| Income taxes | 67/77 | €5,296 | €4,264 | -€1,032 | -19.5% |
| Profit (loss) for the period | 9904 | €11,349 | €12,791 | +€1,443 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,349 | €12,791 | +€1,443 | +12.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.